Kategorie: Tutorials

On May 28th the IOTA Foundation has announced the beta release of the Trinity Mobile wallet app. On the IOTA page https://trinity.iota.org/ you will find a number of official documents that make it easier to get started with this wallet. Trinity is designed to make transactions as simple and convenient as possible. It offers a variety of helpful features, from easy-to-use QR code support, to under-the-hood details like address reuse prevention. For those who want to learn more about the Trinity Wallet, there is a very good tutorial on youtube:

The IOTAtoken is a cryptotoken built upon the Tangle technology. The token benifits from the advantages of this new Tangle architecture.The token operates on a permission-less Tangle network known as the Mainnet. Individuals are able to intereact with this network by operating a full node that is peered with neighbours. Alternatively they are able to public Mainnet nodes operated by a third party.

All IOTA’s which will ever exist have been created with the genesis transaction. This means that the total supply of IOTA’s will always stay the same and you cannot „mine“ IOTA’s. Therefore keep in mind, if you do Proof of Work in IOTA you are not generating new IOTA tokens, you’re simply verifying other transactions.

The total supply of IOTA is (3^33-1) / 2, which equals to a total number of IOTA’s of 2779530283277761. IOTA is specifically designed for machines, so this high supply makes IOTA optimal for tiny nano-transactions while still keeping efficiency in mind.

This supply fits nicely into the MAX_SAFE_INTEGER value in Javascript.

Supply Etomology

Since the number of tokens is quite high we adhere to the SI notation to write in short hand to denote a large number of tokens. Here is a breakdown of the notation:

A Note in Trinary

In this documentation you will often hear the phrase trinary-based which is a reference to the unique data structure being utilized in IOTA. Whenever we refer to trinary-based seeds, addresses, hashes etc., it means that the string can only consist of characters in the latin alphabet and 9.

Our vision: „The real IOTA revolution will take place when applications are realized that benefit the industry as well as investors, and when the broader population understands and accepts IOTA as well as recognizes benefits in their daily lives. We want to support this process as an independent group“